California has seen huge uptick in home insurance, I'd imagine Santa Cruz has a high fire insurance

When they eventually move out, I plan to do a full renovation to bring the unit up to high-quality standards and maximize its rental potential.I’m happy to connect if you ever want to chat.

If you haven't already connected with an investor-friendly lender yet I'd highly suggest that.

Don’t be fooled by high occupancy numbers if people aren't coughing up the dough on time.

I highly suggest you use our marketplaces to find trusted, investor-friendly team members: Tax Pro finder: https://www.biggerpockets.com/business/finder/tax-and-financ...Lender finder: https://www.biggerpockets.com/business/finder/lendersProperty manager finder (if you go that route and don't self manage): https://www.biggerpockets.com/business/finder/property-manag...

To close the loop on this story, we hired Rick Dempsey (who was fantastic by the way, highly recommended if anyone needs a MA-base SE...Matt Kelly, we really appreciate that referral!).

I will follow the advice here to keep high deductibles and low premium and save the premium for any contingencies later.

Take a look at this chart: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% This is how likely a borrower is likely to default on credit extended to them.

-When a tenant moved out, the management company refunded their security deposit but failed to account for damage, such as holes in walls and outlets ripped off the walls, leaving me with repair bills and also tenants moving in without the repairs being done.Stuff like this that is consistent and when I ask questions they are defensive, when I ask for more quotes for high ticket items they are defensive. 

Clients have access to our Portal where they can transparently see documents requested, and where the file is in the ProcessBlue Gate Capital Lending Parameters:Credit: 620+ Experience: All Levels, 1st Times, Beginner Ok Loan Sizes: $50,000 - $50,000,0000Fix & Flip: 90% Max Purchase Leverage, 100% Rehab Fund, Max 75%ARLTV - Rates Starting at 9.98% New Construction: 85% Max LTC, up to 75% Refi on Approved PlansDSCR Loans: As Low as .80DSCR, Leverage as High as 80% DSCR Rates: Starting at 6.98****           *** Base Rate, before pricing Adjustments: Experience, Credit, DSCR, Requested Leverage, Property TypePurchase / Refi AirBnb - Vacation Rental Investment Property - YES !